Magnetic Resources NL (MAUCA.AX)
Magnetic Resources NL operates in the Industrial Materials industry of the Basic Materials sector, headquartered in West Perth, WA, AU. The stock last traded at $1.73, up 0.00% on the session, giving a market capitalisation of $518.3M. Its beta of 0.12 implies it has historically moved less than the broad market.
Magnetic Resources NL is an Australian mineral exploration company that operates across Western Australia. Its primary focus is on discovering economically viable deposits of gold, nickel, copper, platinum group elements (PGE), and iron. The company wholly owns extensive land packages, including approximately 261 square kilometers in the Laverton region (encompassing projects such as Hawks Nest, Mt Jumbo, Hawks Nest East, Mt Ajax, Mt Jumbo East, Little Well, Kowtah, and Lady Julie). It also holds full ownership of around 322 square kilometers covered by its Benjabbering, Trayning, Goddard, and Korrelocking projects. Beyond these, Magnetic Resources also maintains interests in a variety of other projects and exploration tenements situated within the broader Leonora–Laverton district, with particular attention currently directed towards its Kauring, Ragged Rock, and Mount Joy prospects. Established in 2006, Magnetic Resources NL's headquarters are located in West Perth, Australia.
Magnetic Resources NL is most often compared with the following Basic Materials names: